No matter the size of your estate, plan now for your own and your loved ones’ future by creating a trust. A trust is a legal arrangement that ensures your assets are kept safe and distributed according to your specific wishes.
There are various types of trusts to address specific needs including:
There are many decisions to be made before creating a trust, including whether or not a trust is appropriate for your needs. A financial advisor with our subsidiary, Northwest Financial Advisors, can help guide you and refer you to a qualified attorney to create your legal trust document.
If you have already set up a trust but need to transfer your assets to it, the financial institution holding your assets can help. Each will have different policies and procedures in order to transfer ownership of your assets to the trust.
If you need to retitle an existing Northwest Federal Credit Union account to a trust or would like to open a new account with us to fund your trust, please see the Establish a Credit Union Trust Account directions below.
Once you have all finalized documentation from your attorney, visit a branch to complete a credit union account (trust account) application to establish an account to fund your trust. You’ll need copies of identification for all trustees (driver’s license, passport or other form of government I.D.). We accept either a Certificate of Trust document or the following paperwork: copy of the trust pages, title page with name of the trust, names of trustees/beneficiaries, notarized signature page.
Not close to a branch? You have the option to mail in your Trust Account Application with the required paperwork to establish your trust credit union account. Mail to: Northwest Federal Credit Union, 220 Spring Street, Attn: Trust Operations, Herndon, VA 20170. We will follow up with you upon receipt of the application.
A trust may be an important part of your comprehensive estate plan. An advisor with Northwest Financial Advisors can provide the professional guidance and estate planning advice you need.* They can help you evaluate your estate, determine what type of trust(s) may be best for you and identify your trustee(s), among other important decisions to address your long-term financial needs.
*A licensed attorney in your state of residence is needed to draw up a trust. Legal services are not offered by Northwest Financial Advisors. Northwest Financial Advisors has a strategic partnership with Members Trust Company to provide trust and estate services.